Examlex
Evaluate the expression.
Creditors
Entities or individuals to whom money is owed by a person or company.
Absolute Priority Rule
A principle in bankruptcy proceedings that senior creditors are paid before junior creditors and shareholders.
Liquidation
Termination of the firm as a going concern.
Administrative Expenses
Costs related to the general operation of a business that aren't directly tied to a specific project or product.
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